Thursday, December 15, 2011

Bill Nygren on Bloomberg

Nygren manages the Oakmark Select fund. He has a reputation as an astute stock-picker, but he got his behind handed to him in 2008 after he stubbornly refused to sell dogs like WAMU. Overall, I would stay away from his fund (and most other active mutual funds) -- most people are better served by purchasing a large cap index fund instead.

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